Originally Posted by
Airbum
we don't. the post about no cap limits on the A plan are incorrect.
here is a cut n paste of the contract reference:
A crewmember’s final average earnings will be limited to the lesser of:
(1) the legal limits in effect at time of retirement; or
(2) $300,000.
Thank you for the correction on that...I don't wish to spread bad info and clearly I hadn't delved far enough into Article 15.
15.D.8.b.(2) is the limiting factor as a contractual FAE earnings cap of $300k for UPS/IPA pilots provides a 30 year length of service benefit of $90k, whereas the IRS limit for a defined benefit plan is $220k.